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FOX Business
Jan 14, 2013 11:00am EST
going to live within our means, how are we going to bring down the debt and the budget deficit, what are we going to do about the trade deficit so we can create an economy again that's growing for the good of all. that's the most important thing i think is -- i think is happening. i think it's just so important that we move to a comprehensive strategy to enable economic development in the united states. that's the most important thing we do for all of us. jeff: if you were asked, would you work in if obama administration? -- in the obama administration? >> i've been very pleased to support the administration, this administration and the previous one because that public private partnership especially for manufacturing in the united states and especially with the trade rules around the world, i've been pleased to be asked and listened to. jeff: i mean a real job? >> i think the best thing i can do and feel really good about it is serving forward. jeff: your work is done. you have done it. >> no, we're just getting started. it is an important part of the united states economy. nea
FOX Business
Jan 13, 2013 8:00pm EST
purchasing power to sustain a persistent rise from price inflation. lori: the deficit crisis crisis, and unemployment, debt to the atp number is the normal. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. this is $100,000. three balanced budgets. next. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's
FOX Business
Jan 12, 2013 8:00pm EST
sustain a persistent rise from price inflation. lori: the deficit crisis crisis, and unemployment, debt to the atp number is the normal. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. next. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you havquestions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a lel plan attorney is available with
FOX Business
Jan 13, 2013 8:30am EST
not easy. the tragic part of this is even with the savings, the deficit and accumulative federal debt-- instead of an act of heroism such as never has been seen on capitol hill before. >> neil: that part you're right. adam. >> i would state this differently. the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is political games. i completely disagree with what charles said. these people are inherently as a group corrupt. i don't think that's fair. if you want to say they're not doing their jobs well, not making the tough political decisions, that's different from correct. and dagen hit the nail on the head. we support them inhese things. we don't want them to cut these programs. we, the people. that's the political problem. >> although, adam, in the election process, we are-- they do make several promises to do the right thing. and when they go there, whether they are hepressu're pr us, they don't do the right thing and hence the corruption. >> maybe my definition of corrupt-- that doesn't describe law breaking, things punishable by
FOX Business
Jan 14, 2013 1:00pm EST
administration, they are about half way there in deficit reduction, and that modest changes to health care, entitlement spending could accompany the closing the tax loopholes. a marker on a future negotiation. house speaker bane says in response that the house does it job and passes responsible legislation that controls spending, meets our nation's obligations, and keeps the government running. we will insist that the democratic majority in washington do the same. republicans on thursday will have their annual conference retreat in williamsburg, virginia to discuss their debt ceiling strategy moving forward. back to you. >> and speaking of responsible bookkeeping as the president was, you're just getting word the president's budget won't be delivered by the february 4th deadline; is that right? >> yes. a spokesman for the house budget committee confirms the white house communicated to them they will not get their budget to the white house on time. this is a deadline they met in the past, although, it's not like the white house will not come out with their budget. releasing the budget. than
FOX Business
Jan 15, 2013 5:00pm EST
silver bullet in deficit reduction is economic growth. we need to get out of this circle we're in right now and start talking about growth. how we start moving the economy forward because we'll never get out of the hole otherwise. melissa: stephen, that is a great point. do you move the economy forward and grow by raising taxes, do you think. >> president obama at one point believed we do not. he argued in twine and 2010 you would hurt economic growth if you raised taxes at time the economy was struggling. that is what he argued at time. melissa: what do you think, steven. raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi saying the fiscal cliff was n
FOX Business
Jan 13, 2013 11:00pm EST
sustain a persistent rise from price inflation. lori: the deficit crisis crisis, and unemployment, debt to the atp number is the normal. >> with a new treasury secretary who will drive a hard bargain. that does not improve the outlook. lori: you would not vote for him if you have the opportunity? >> i will pass. lori: thank you for coming. another shooting at and school yesterday what drives our kids to bring the guns to school? said treasury secretary picked republicans are not a fan of the man who produced three balanced budgets. three balanced budgets. next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over agai
FOX Business
Jan 16, 2013 8:00pm EST
bills, we cannot cut the deficit or debt at all. neil: very well put. the mr. moore stuff i could do without, but well put. thank you very much. >> thank you, neil. >> thank you. neil: louisiana,mented -- wanted to cut the state incomes tax, and now nebraska's governor state's income tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur.
FOX Business
Jan 17, 2013 8:00pm EST
we're kidding ourselves, the deficits will grow. neil: then what. i don't see anything being done. >> i think that is why i say the budget is a doomsday machine, we face a permanent fiscal cliff of 8% gdp gap. i see a constant political battle, every year there will be a deb debt ceiling crisis. neil: what do you think of the president? >> you know you can't have a dictate adictatorship, you havea bad blow up in financial markets. neil: is that coming? >> i do think so, a blame bernanke more than anybody else for the mess, when he said you can borrow money for 3 years to pay federal deficit at 30 basis points that is a rounding error to congress ha is zero, why is anyone going to stand up to social insurance, military industrial complex, the subsidies this bill, 60 billion boondoggle they passed for relief, who'll stand up to that stuff, when the great man, and said i'll take care of it, i'll keep interest at rock bottom. i'll print the money, i'll buy the bond. until we have a house cleaning in the fed, until we get rid of these loon ticks who want to have interest rates at zie zero no
FOX Business
Jan 15, 2013 11:00pm EST
studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our credit rating, if we don't -- if we don't make some significant change in long temp problem, otherwise we'll surpass italy, and greece and spain and japan. that is what hey should be talking about. not just about this fight we're going to have over the fiscal cliff. of this going to to lo
FOX Business
Jan 21, 2013 5:00pm EST
is where they listen. there needs to be cuts in this budget. it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest developments. more "money" coming up. don't go away. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney pro
FOX Business
Jan 16, 2013 11:00pm EST
thinkers not to educate the young people about the bills, we cannot cut the deficit or debt at all. neil: very well put. the mr. moore stuff i could do without, but well put. thank you very much. >> thank you, neil. >> thank you. neil: louisiana,mented - want to cut the state incomes tax, and now nebraska's governor state's income tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana.
FOX Business
Jan 20, 2013 8:00pm EST
deficit for crying out loud. a dysfunctional governmement. in have to go to -- 4%. what in the world is going on in that town? >> not the first time there were talking about things that the rest of the country does not care about as much. interesting. this poll comes out with 71 percent of americans believing these new laws are unlikely to actually prevent ture mass shootings, and then there was a washington post-abc poll earlier this week that found 55 percent of americans believe that the most effective way or one of the most effective ways to stop these things is to have armed guards and schools. much more in line with what the nra was proposing. people are skeptical of new laws, and i think they're right to be. if there are going to be new measures undertaken, they want to do things that are not what the white house is proposing right now. lou: there is a dishonesty in this initiative that i find appalling. this president reacted skeptically to the proposal by the nra to put armed guards at schools all over the country. the nra is the only entity in this debate that has been for
FOX Business
Jan 13, 2013 2:00am EST
explain. >> one of the scandal is not the deficits, but the fact that federal government collects 2.5 trillion. with the consumption or sales tax, this is the lone way we can limit how much money gets to the federal government and more businesses would be created and jobs and the federal government would not be penalizing our work and we would get more work and jobs. >> sounds good to me, rick, to you? >> here's the problem. i will not touch incredibly regressive nature of this. >> by regressive, it hits the poor more than the rich? >> exactly. put the brakes on a economy, imagine what happens here. first of all, to keep the revenue neutral, you are looking at a 20r 30 percent sales tax . add that to the state tax that governor gindale wants to add. no one will be able to afford it or go shopping. >> steve, this is a country of experiment ground . the states experiment with things that might do better. >> there are 9 states who don't have a personal income tax. you compare the state of vermont with the state of new hampshire. new hampshire has no sales tax or personal income tax and d
FOX Business
Jan 21, 2013 11:00am EST
some of the issues he wants to tackle. gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those s
FOX Business
Jan 20, 2013 2:00am EST
in society. will this reduce the deficit? no. it depends on what your goal is here. is your goal here to provide health care to people because the private sector has not done a very good job. >> the government will do better? >> we have seen costs in the private sector go up two to three times the rate of inflation. >> the government takeover would be cheaper and more efficient than the private health sector? >> there would be more people covered and the cost would be lower if we had a government plan, a government -- >> is there anyway to prove that contention? >> no, i hear what mark is saying. and by the way this congressman is someone who said we should unionize doctors. we have a veterans administration who is doing health care that was not so great. i wish it was better. for the one size fits all approach, it is costly. we don't have the same demographics as britain and canada. even the health care costs rise dramatically in those countries. and this bill which i read is saying that they would pay out increasing taxpayer funds to increase coverage. you can imagine the costs
FOX Business
Jan 20, 2013 8:00am EST
. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick the power away as far as i'm concerned. >> isn't this a dangerous way to enforce fiscal discipline? shouldn't we be doing it because we have a budget d stick with it like most americans have to? >> well, we do have a budget, but the budgets aret being passed. they're not being adopted. look, anything that keeps the foc
FOX Business
Jan 18, 2013 12:00am EST
. >> it is nice but nothing compared to the 45.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 millionith panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty and. john: california is paradise for government workers. her person texas ha
FOX Business
Jan 20, 2013 9:00pm EST
nothing compared to the 45.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise ney through fees like expensive parking ticks. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension ligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back
FOX Business
Jan 16, 2013 9:00pm EST
of the upcoming debt limit debate but it shows deficit reduction measures have increased and are about as standard in washington as a cherry blossom festival. i'm sure that you agree that? >> absolutely. i agree wholeheartedly with that assessment. that is why we need to have this discussion now. it is all the more appropriate for the president to be telling us we can't make any demands accompanying his request for yet another debt ceiling height. gerri: how did you react to the presence tone in that last press conference when he talked about his upcoming debt ceiling despite? he seemed a little angrier you guys. >> yes, he did. he seemed annoyed at the fact that he had to deal with a coequal branch of government. a group of pesky individuals elected by the people. >> yes, that's right. we have the audacity to insist that we follow the law and that we continue to make the law and yes, we have our work cut out for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the
FOX Business
Jan 19, 2013 6:00am EST
let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would otherwise need. i do things like buy refurbished equipment than new. th
FOX Business
Jan 16, 2013 5:00pm EST
. is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise,
FOX Business
Jan 14, 2013 7:00pm EST
saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the problem is, you are offering a countervailing you. the republicans, with all due respect, are not. there is not an alternative narrative, not pushing the president to negotiate, and he is not talking to anybody. lou: i love this comment. the president saying of the second amendment is not whether we believe in the second member not. you have to literally hear this to believe it. but. >> the issue here is not whether or not we believe in the second amendment. the issue is, are there sensible steps that we can take to make sure that somebody like the individual in newtown cannot walk into a school and gun down a bunch of children. i am confident there are
FOX Business
Jan 15, 2013 9:00pm EST
government has to go to a balanced budget. consider we have deficits of a trillion dollars plus. that is not an easy task even for those of us at the cato institute you want a dramatically smaller federal government. it does not mean default. the federal government is collecting ten times as much revenue as needed to pay interest on the debt. gerri: to that point, legislation that would force the treasury to prioritize spending in deciding what bills to pay. the treasury is getting money in every single day. tax dollars don't just come in on april 15th. they come in all the time. >> and the president will be forced to do what you and i and every other american have to do and that is prioritize expenses. if we would not default, prioritize that which must be paid first and then make tough oices as to what is necessary and proper for our government to be spending. that is what we should be doing every day and is, quite frankly, why this president has failed to lead because he just does not believe it. he believes there is no end, and at the end of his term will be somebody else's problem. gerr
FOX Business
Jan 15, 2013 10:00pm EST
%. 20% said the deficit. 20%. 18% said dissatisfaction with the government overall. that number seemed low to me by the way. 16% said the greatest problem is unemployment that number colates closely to those unemployed, including those who have given up looking for work. 5% said just the lack of money is the number one problem. as they see it by the way, 4%, 4%, said gun control. this is where you are mr. president. this is where you are. and it appears president obama is being reckless with at 4r50e69 two oat leastthose issue remain out of work. two press briefings on gun control, well, let's see what ppens. >> the gun control debate, the empireious president set to rule. >> liberal mainstream media outraged about a newra shooting app, we'll show you the game they should really be worried about. we wonder why are they ignoring it? is the obama administration now secretly planning amnesty for 11 million illegal immigrants in the country. will republicans go along with the plan? immigration attorney, cardenas will join us next. officemax has exactly the ink... your business needs... at
FOX Business
Jan 15, 2013 11:00am EST
. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w bush. rich said that republicans have reasons for not having this meeting today. the president is standing back and think i am not negotiating on this and the republicans are all over the map. >> i do not think that this is a big deal. i do not see that as a big issue. what is coming out of this weekend retreat is far more important. connell: i would like to be a fly on the wall for that. >> also what is important is to remember how we got here. he has run trillion dollar deficits for the past four years of his administration. you have to pass a budget in the united states senate. he will be doing his sort of constitution getting a budget up to the congress. this is a challenge. we have to have a clear look at how we can reduce spending in this country. connell: whenever the limit is
FOX Business
Jan 21, 2013 1:00pm EST
the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a defense of the political theory, awaited the u.s. should be governed and should govern itself. i would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. president obama making the case that the government is not necessarily our problem. together we could do great things. together we could take care of the elderly. together we can create a health care system for those who may not be able to afford it. very much discussing ways about how there should be some in society you don't have all or should not be some in society you have
FOX Business
Jan 21, 2013 4:00pm EST
revamping the tax code and reducing deficits, but he signalled split decisions in an era of divided government. >> progress does not compel us to settle. centuries long debates about the role of government for all time, but it does require us to act in our time. [applause] >> for now decisions are upon us. and we cannot afford to wait. we cannot mistake absolutism for principle or substitute spectacle for politics or treat name calling as reasoned debate. [applause] >> we must act. we must act knowing that our work will be unperfect. we must act knowing that today's victories will be only partial. peter: top republicans issued bipartisan statements in the spirit of the day, but mitch mcconnell, the senate republican leader called federal spending and the debt the transcendent challenge of the great challenges of our day. david: was it president harrison who had a two hour speech at his inauguration that he caught pneumonia. this was one of the quickest speeches i have ever seen before. but bottom line here, the president, a lot of people say it sounded more like an acceptance speech
FOX Business
Jan 16, 2013 7:00pm EST
deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reason that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994 was a different year, by the way, then this year, 2013. and the political conditions are quite different because the reality of america is quite different. it is important to look back and think about the fact that in '94, the house, the senate, and the white house were all controlled by democrats. today republicans control just the house as the president likes to constantly remind us. back then president clinton pushed the assault weapons ban as part of a broader crime bill. it was not just an imperious and grabbed, but it was an important piece of legislation, and it was a different time. despite the prosperity, the american public was i refer action on crime in 1994, and this is why. t
FOX Business
Jan 14, 2013 5:00pm EST
made big headlines in the past year's budget deficit exploding, as you know, but one story in the "wall street journal" really caught my attention because the strong-arm tactics being used. just one example, the police union in california began a harassment campaign against the city manager. after he announced the city may have to lay off 16% of the municipal workforce. the union bought the house next door to him to make his life miserable and they invested in billboards welcoming visitors famous as the second most dangerous city in california and it put his phone number at the bottom. keep in mind this is if you ended up going bankrupt because of unsustainable costs. this is all too familiar to the costa mesa mayor who joins me now. they moved in next to the city manager and they unleash a flurry of construction making all kinds of racket and bullying him at home. does this shock you are similar to something you went through as well? >> five years ago it would shock me. what you find out is these unions in a lot of public safety unions have used strong-arm tactics for a long time
FOX Business
Jan 19, 2013 4:00am EST
question. don't necessarily have the answer to that. i do know we can eliminate the deficit simply slowing down government growth. we don't need to cut government. we simply need to slow it down. if we do that we'll eliminate the annual deficit. >> you hear the argument that is like throwing granny off a cliff. >> i don't think it is. i disagree with it. neil: do you feel attempted to go into politics? >> no. if i ever do i hope somebody talks me out of it. neil: some of the best ideas i ever heard, john are from guys like you. the whole process soils you, oh, my god, i can't deal with it, it is so stupid? >> it is difficult because i found in my own experience when you're very authentic and tell the truth and honest often times get attacked. you get smeared, you, very difficult. takes a lot of courage, i think to go into the political realm these days. neil: will be interesting. put it that way. john mackey. whole foods market cofounder, co-ceo. conscience capitalism. read it. thought to paper and thought that sticks in your head. all right. inauguration on monday. we are there. i
FOX Business
Jan 16, 2013 1:00pm EST
sales are done through private transactions, if that deficit may be the sales to move to retailers or licensed its readers that already do these sort of things. lori: is it frontloaded though? everybody rushing to the stars s before the announcement today. charles: that has been the trend. as an investor you have to worry about maybe a year from now the stocks, a tough comparison because you can't have every single month a record, people doing background checks. one thing that was interesting in the earnings report i thought was remarkable for the first nine months of last year gone background checks were 32%. distribution of 60%. they are running way ahead of background checks and this kind of shows you absolut tremendous demand out there for this. tracy: is it global distribution or just gunmakers? if it is global because before the united states last few weeks. charles: i think this is mostly a domestic story, but by having said that you look at a stock today. the high is a 52-week high of 60, so the stock already took a pretty good hit on this debate, and now it is starting to cat
FOX Business
Jan 18, 2013 1:00pm EST
said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes sense that b
FOX Business
Jan 14, 2013 6:00pm EST
problems of this country. the deficits that are mounting, but no one is talking about the cost of amnesty. when it was considered by congress in 2007 the cost of have been over two and a half trillion dollars because all those illegal aliens become eligible for food stamps, medicaid or medicare, social security, unemployment insurance it here and all that, that was pre obamacare, so now i will be even more. this is the last time we should be talking about amnesty because we cannot afford it. the taxpayers in the pain for the demint to the benefits for the illegal aliens or legalized eligible for welfare benefits. that is the hidden element. the other thing it is not being talked about will be in this going to slow this down is unemployment. 78 percent unemployment. the people underemployed. why in the world would we choose now to give legal status to 11 million illegal aliens so they can more effectively compete against unemployed americans. gerri: marshall, a smack in the eye of organized labor? because here you write a lot to bring in all these new workers. the very people that obama re
FOX Business
Jan 18, 2013 3:00pm EST
, we had a start with the deficit reduction efforts. >> right. >> prior to that i thought the bowles simpson commission was a powerful response to what we could do about our own deficit. >> why do you think the president ignored that? i mean his own commission, he ignored it. why do you think he did that? >> i can't speak for the president charlie. >> why do you think it got no traction then? >> this is politics. this requires two parties -- you had the republican party had to concede something on the take side. the democrats had to concede something on the spending side. the way i saw it with the spending cuts that were in process already and with the growth in the economy, we needed 2 of the 4. it was pretty straightforward. tax increasing and spending. business people would get this deal done in an afternoon. this is what we do. >> maybe that's why ruth should go to washington. >> do you think bowles simpson is dead? will it ever come back? >> it's provided the energy of a we need bipartisan and both ingredients to make it work and we need sense of urgency because it's really impo
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